Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $6,000/day to operate, and it yields 50 oz of gold and 3000 oz of silver each day. The...


Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $6,000/day to operate, and it yields 50 oz of gold and 3000 oz of silver each day. The Horseshoe Mine costs $8,000/day to operate, and it yields 75 oz of gold and 1000 oz of silver each day. Company management has set a target of at least 650 oz of gold and 18,000 oz of silver. How many days should each mine be operated so that the target can be met at a minimum cost to the company?


Saddle Mine__?__ Days


Horseshoe Mine__?__Days


What is the minimum cost?_____



Jun 04, 2022
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